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Schneider agrees 31 pounds-a-share deal to buy UK's Aveva

Logo of Schneider Electric in Nantes

LONDON (Reuters) - France's Schneider Electric said on Wednesday it had agreed to buy out the minority shareholders in Aveva for 31 pounds a share ($35.24), in a deal that values the British industrial software company at about 9.48 billion pounds.

($1 = 0.8797 pounds)

(Reporting by Paul Sandle; editing by William James)